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1Bitget Daily Digest (Nov 17) | $127M in Liquidations Across the Market in the Past 4 Hours; Major Token Unlocks This Week for ZRO, ZK and Others; Michael Saylor Releases New Bitcoin Tracker Update2Bitcoin hits 6-month low as AI fears add to risk-off mood: How are pro traders positioned?3Spain Pins X for Illegal Crypto Promotion
Flash
- 01:59Wintermute founder: The real issue in the industry is that exchanges hold too much power by combining brokerage, order book, and custody services.ChainCatcher News, DeFiance Capital CEO Arthur Cheong posted on X this morning, stating that the product design and market structure of crypto derivatives (especially perpetual contracts) remain the biggest structural issues facing the industry. Without improvement, it will be difficult to support the industry's move towards sustainable growth. Wintermute founder Evgeny Gaevoy responded by saying that traditional finance has long solved these flaws, so the real problem does not lie in the design of perpetual contracts, but rather in the centralized and pseudo-decentralized exchanges that combine the roles of execution broker, central limit order book (CLOB), and custodian.
- 01:54El Salvador increased its holdings by 1,090 BTC one hour ago, bringing its total holdings to 7,474.37 BTC.BlockBeats News, November 18, according to data from the El Salvador Ministry of Finance website, El Salvador increased its holdings by 1,090 BTC (100 million US dollars) one hour ago. Its current bitcoin holdings have reached 7,474.37 BTC, valued at over 686 million US dollars.
- 01:52A trader suffered multiple short liquidations, losing over $3 million.According to Jinse Finance, Onchain Lens monitoring shows that a sudden small rally caused a trader to have multiple short positions liquidated, resulting in losses of over $3 million, with the remaining positions being forcibly closed. Subsequently, the trader opened 10x short positions on ZEC (Zcash) through three wallets, with a total contract value of $48.47 million and a current floating profit of $3.36 million.